Word: interestingly
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Dates: during 1960-1960
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...telegram from Montero. It was "regrettable," it ran, "that Senator Scott would attempt to reap political advantage from this nonpolitical educational program . . . The fact is, the State Department has repeatedly turned a cold shoulder to the airlift Africa program . . . On Monday of this week the State Department suddenly took interest in the project." Kennedy had been having hard sledding in Congress all week, but Scott's attack turned sympathy toward him. Minnesota's Democratic Senator Eugene McCarthy called Scott's speech a specimen of "Political Murder, Inc." and Nixon obliquely disowned it. Suddenly...
...sextants of economists are the business indicators, statistical pointers that help to chart the course of the U.S. economy. They range from measures as complex as interest rates and demand-deposit turnovers to such personally felt statistics as the amount of personal income. When the U.S. economy surges forward or turns sharply back, the indicators usually agree -and so do the economists. Now. with the economy resting on the highest plateau in history, business experts are nervously indicator hopping in search of some clue to its next shift. To some, it is headed for another recession or is already...
SWISS BANKS, flooded with flight capital from Cuba and Belgian Congo worth $200 million in July, have put out "Not Welcome" mats to new deposits. New depositors will have to pay ¼o/o interest plus banking charges instead of earning ½% interest on deposits. Withdrawals will require three months notice...
...glass house." So last week said a shaken Carrol Shanks, president of the Prudential Insurance Co. What shook Shanks was that his glass wall had been suddenly and rudely pierced by some mighty embarrassing gazes. With the business world still buzzing over Chrysler Corp.'s conflict-of-interest troubles (TIME, Aug. 22), Shanks was shown, in a Wall Street Journal article, to have been the buyer of valuable timberland for Georgia-Pacific Corp., a Prudential borrower and the biggest U.S. plywood producer, in a complex deal that could save him as much as $400,000 in income taxes...
...capital gain." says Shanks, "because I take such a plastering from taxes on my $250,000 salary." Cheatham thought he might have just the thing: buying timber holdings and then selling the timber to Georgia-Pacific. Shanks's lawyers assured him that there would be no conflict of interest. In May, Shanks met with officials of Georgia-Pacific and the Timber Conservation Co. at the Bank of America in San Francisco, of which the ubiquitous Cheatham is also a director. They completed the vastly complicated deal in four hours...